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Compass drop weighs on FTSE, trade hopes soften blow

Published 26/11/2019, 09:28
© Reuters.  Compass drop weighs on FTSE, trade hopes soften blow
UK100
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CPG
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DLAR
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon

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* FTSE 100 down 0.1%, FTSE 250 flat

* Compass Group slips after warning on Europe performance

* De La Rue sinks after suspending dividend

Nov 26 (Reuters) - London's main index edged lower on

Tuesday as a near 7% slide in catering firm Compass Group offset

gains in miners that were driven by hopes of a resolution to the

U.S.-China trade dispute.

The FTSE 100 .FTSE gave up 0.1%, with Compass CPG.L

tracking its worst day since July 2014 after the company said

deteriorating business and consumer confidence hit performance

in Europe. The FTSE 250 .FTMC was roughly flat. Losses were contained as hopes that the Sino-U.S. trade

dispute could end soon gained traction after top negotiators

from Washington and Beijing held a phone call to try and hammer

out a preliminary "phase one" deal. Small-cap De La Rue DLAR.L , which last month hit its

lowest level in over two decades after a profit warning,

plummeted 16% after suspending its dividend and posting a near

90% plunge in first half adjusted operating profit.

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